Top Manchester developers Salboy have announced a new project in the city, Local Blackfriars, that will incorporate one of Manchester’s historic public houses. The Local Blackfriars scheme will consist of two striking buildings and will revive the historic Grade II-listed former public house – the Blackfriars – as the gateway entrance.
The Local Blackfriars Development
The two buildings will house 390 apartments, townhouses and penthouses for both the buy-to-let and owner-occupier markets. Other amenities in the buildings include 24/7 concierge service, bistro, bar, and gymnasium. Also a yoga and dance studio, cinema room and fully equipped laundry. Also specially landscaped for all residents to enjoy has been a large communal garden space.
Manchester Buy To Let
Situated in Manchester’s city centre, Local Blackfriars is just a two minutes’ walk from Manchester’s bustling shopping district – Selfridges, Harvey Nichols, the hip Northern Quarter. As well as the vibrant nightlife of Deansgate and Spinningfields.
Manchester is quickly becoming a top choice for buy-to-let investors thanks to its fast-growing economy and top place in the UK’s tenant market. Apartment prices start at £180,000. Furthermore, 6.5% is the expected yields. Forecasted to be 43% longer than comparable schemes is the average tenancy duration. So it’s easy to see why the city’s Local Blackfriars project is of great interest to the buy-to-let market.